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he put out a plan for ten dwreerz years to reduce the deficit. he's got a jobs bill sit in congress helping create 2 million jobs and the president's ready to act. the last thing the senate did before it left was to kill the senators on the republican side killed the bill to provide job opportunities for veterans, returning from iraq and afghanistan. so it's difficult to hear some of the claims because the president's been trying to push the jobs agenda for four years and it's tough when republicans have put obstacles up to getting the bills passed. >> why didn't the president fully embrace simpson-bowles when he had the opportunity? he patteded them on the back and said thank you. >> he took much of what was in simpson bowls and create ten-year $4 trillion reduction plan much of what you saw in simpson-bowles -- >> he missed the moment. there was a moment when something might have been accomplished. >> remember, he said, i'm going to take the idea of reducing the deficit by $4 trillion and show you what i would do and he presented that and he ga
he put out a plan for ten dwreerz years to reduce the deficit. he's got a jobs bill sit in congress helping create 2 million jobs and the president's ready to act. the last thing the senate did before it left was to kill the senators on the republican side killed the bill to provide job opportunities for veterans, returning from iraq and afghanistan. so it's difficult to hear some of the claims because the president's been trying to push the jobs agenda for four years and it's tough when...
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Oct 14, 2012
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you made them. >> no, we did not. >> it was not a spending caused deficit. it was a war caused and tax cut caused deficit. >> not such a high def sit as we have now. they were not cuts in marginal tack rates. they were giving back money to people in terms of programs -- >> not stimulative. >> look, everyone knew that we were in a recession, everyone knew it was terrible. part of why barack obama got elected. it didn't how much money they were getting back. people were still scared. people were not going to spend their money. you can't blame that on a president and say look he was the boogeyman. people will hold on to their money tight. >> absolutely. we see in our new -- the new numbers out of the consumer confidence is that consumer confidence is you. we may be in a place where we're starting to move out of it. we've gotten the consumer confidence index moving up. there's a big truth fight going on all week. what really happened in libya? i want to talk a bit about that next. [ female announcer ] most whitening strips promise full whitening results in two w
you made them. >> no, we did not. >> it was not a spending caused deficit. it was a war caused and tax cut caused deficit. >> not such a high def sit as we have now. they were not cuts in marginal tack rates. they were giving back money to people in terms of programs -- >> not stimulative. >> look, everyone knew that we were in a recession, everyone knew it was terrible. part of why barack obama got elected. it didn't how much money they were getting back. people...
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so mitt romney will cut the deficit by doing something that will add to the deficit. the other thing he brought up, pbs. the only specific that mitt romney gave in terms of how he will cut the deficit. the only detail he provided was that he would eliminate 1/100th of 1% of the budget. there have been lots of attempts to put the number in sper perspective. here's more. >> the federal share of the corporation for public broadcasting is about $450 million this year. that $450 million is about what the pentagon spends every six hours. >> six hours. to be clear, mr. romney and mr. ryan's idea for the deficit to save the country from fiscal disaster and pay for the stuff they want to do that's really expensive, their plan is to eliminate six hour's worth of defense spending. one-fourth of one day's worth of defense spending. at the same time, to make overall defense spending go like this. because, you know, they are the numbers guys. math. want your best rest ever? then don't miss sleep train's best rest event. you'll find sleep train's very best mattresses at the guarante
so mitt romney will cut the deficit by doing something that will add to the deficit. the other thing he brought up, pbs. the only specific that mitt romney gave in terms of how he will cut the deficit. the only detail he provided was that he would eliminate 1/100th of 1% of the budget. there have been lots of attempts to put the number in sper perspective. here's more. >> the federal share of the corporation for public broadcasting is about $450 million this year. that $450 million is...
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Oct 13, 2012
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-255
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our...
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mitt romney had that deficit. looks like mitt romney has done himself some good in that debate to close that gap. i think you will see the first ladies out there and it is better for the first lady to talk about the "sesame street" line and big bird than the president. you saw that ad out yesterday that many people called absurd. you saw raerp romney have that editorial today and basically saying big bird versus a small president. i think they will step back from having a president talk about big bird and have the first lady do it instead. >> okay. hogan, let's jump ahead to tomorrow night. appreciate sewer truly on for vice president joe biden to deliver the debate in kentucky, same quote. team baerm needs a strong performance from biden to make up for last week and change the subject. another bad outing by a member of the ticket and democratic hand wringing could turn into full-fledged panic. is the shoe on the other foot now with president obama being the underdog, team romney, was panicking? certainly before l
mitt romney had that deficit. looks like mitt romney has done himself some good in that debate to close that gap. i think you will see the first ladies out there and it is better for the first lady to talk about the "sesame street" line and big bird than the president. you saw that ad out yesterday that many people called absurd. you saw raerp romney have that editorial today and basically saying big bird versus a small president. i think they will step back from having a president...
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. >> if it's true that it's not going to add to the deficit, that leaves only one option and that's asking middle class families to foot bill. >> reporter: the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong. >> reporter: romney also in ohio mocked the obama campaign's mocking his plan to cut funds for pbs. >> big bird. >> big bird. >> big bird. >> he's focused on saving big bird. kind of a strange thing in my view because you see i'm focused on helping the american people get good jobs. >> reporter: sesame's street now asked the obama campaign to pull the big bird ad, yet there are weightier questions here as congress looks in to whether the u.s. was warned of the deadly libya attack. >> twice in the six month lead up, you had bombings at our compound there in benghazi and it's 9/11 in libya. what other warnings do you need? >> reporter: warnings of trouble now for president obama, romney's closing the gap. the latest polls, reuters has them tied. gallup has romney up by two. pew has him up by four. and we were talking about the polls in the balgtd ground sta
. >> if it's true that it's not going to add to the deficit, that leaves only one option and that's asking middle class families to foot bill. >> reporter: the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong. >> reporter: romney also in ohio mocked the obama campaign's mocking his plan to cut funds for pbs. >> big bird. >> big bird. >> big bird. >> he's focused on saving big bird. kind of a strange thing in my view because...
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-- new deficit neutral. no cost to the deficit and cutting $5 trillion mainly for the wealthy. let's watch. >> with regards to that tax cut, look, i'm not looking to cut massive taxes and to reduce the revenues going to the government. my number one principle is there will be no tax cut that adds to the deficit. i want to underline that. no tax cut that adds to the deficit. >> paul ryan just days before the debate last week directly contradicted romney. ryan said lowering the tax rates was more important than anything else, including getting rid of those deductions to pay for them supposedly. let's watch. >> what's most important to romney, would he scale back on the 20% tax cut for the wealthy? would he scale back and say, okay, we're going to have to raise taxes for the middle class? i guess the question is what's most important to him in his tax reform plan -- >> keeping tax rates down. by lowering tax rates, people keep more of the next dollar they earn. >> that's more important -- >> that's more importa
-- new deficit neutral. no cost to the deficit and cutting $5 trillion mainly for the wealthy. let's watch. >> with regards to that tax cut, look, i'm not looking to cut massive taxes and to reduce the revenues going to the government. my number one principle is there will be no tax cut that adds to the deficit. i want to underline that. no tax cut that adds to the deficit. >> paul ryan just days before the debate last week directly contradicted romney. ryan said lowering the tax...
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Oct 12, 2012
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don't raise the deficit. don't raise taxes on the middle class. and don't lower the share of income that is born by the high income earners. keep saying this $5 trillion plan, i suppose, it's been discredited by six other studies and even their own deputy campaign manager acknowledged that it wasn't correct. >> let's talk about this 20%. you have refused, and, again, to offer specifics on how you pay for that 20% across the board tax cut. do you actually have the specifics or are you still working on it and that's why you won't tell voters? >> different than this administration, we actually want to have big bipartisan agreements. you see, i understand -- >> do you have the specifics? do you have the -- know exactly what you're doing? >> look at what ronald reagan and tip o'neill did. they worked together out of a framework to lower tax rates and broaden the base and worked together to fix that. what we're saying is, here's our framework. lower tax rates 20%. we raise about $1.2 trillion through income taxes. we forego about $1.1 trillion in loopho
don't raise the deficit. don't raise taxes on the middle class. and don't lower the share of income that is born by the high income earners. keep saying this $5 trillion plan, i suppose, it's been discredited by six other studies and even their own deputy campaign manager acknowledged that it wasn't correct. >> let's talk about this 20%. you have refused, and, again, to offer specifics on how you pay for that 20% across the board tax cut. do you actually have the specifics or are you...
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how he would reduce the deficit? by when? did anyone ask? >> i mean, there's two components to his tax reform plan. one is a huge tax cut, which is going to add up to $5 trillion. and the other is to pay for it. so he's been explicit about one part, which is the tax cut. he hasn't been detailed about the last part. but obama never pressed him on this. that's your point. these are 90-minute forums, they're highly intense. >> you just did it, mika, so why couldn't he? >> that's what i'm wondering. >> everybody out there, democrats were yelling at the camera. >> because it's been the conversation for a month. and for the president not to know -- >> it's stunning, isn't it, sam? it's stunning. but mike, you know, if romney is moving to the center, if he is changing his positions, that's probably good for him electorally. usually candidates do that -- every candidate does that at the convention. mitt romney seemed to do it in the middle of his first debate. >> yeah, well, he could have done it at the convention and no one would have noticed given
how he would reduce the deficit? by when? did anyone ask? >> i mean, there's two components to his tax reform plan. one is a huge tax cut, which is going to add up to $5 trillion. and the other is to pay for it. so he's been explicit about one part, which is the tax cut. he hasn't been detailed about the last part. but obama never pressed him on this. that's your point. these are 90-minute forums, they're highly intense. >> you just did it, mika, so why couldn't he? >> that's...
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. >>> coming up, new polls out today show mitt romney with a double-digit deficit in his running mate's home state. we will give you the latest spread on that. >>> but first, which president obama is preparing to emerge at the next debate? we'll talk to his campaign's vice chairwoman, next. this is msnbc. ♪ most paints have color that sits on the surface. but nothing beats benjamin moore's color lock technology that locks color right in, no matter how often you wash it. color lock technology. exclusively from your benjamin moore retailer. find your perfect color with a buy one, get one pint offer. visit benjaminmoore.com/promo. >>> well, mitt romney is not backing off of his attacks of president obama's economic policies, no matter what the latest jobs report says. he told a florida crowd last night that the president is out of ideas and says wednesday's debate proved that. >> he got a chance to explain his jobs program. how he's going to create new jobs in america. did you hear what he had to say? i didn't either. i kept looking for a specific plan as to what he was going to do to cr
. >>> coming up, new polls out today show mitt romney with a double-digit deficit in his running mate's home state. we will give you the latest spread on that. >>> but first, which president obama is preparing to emerge at the next debate? we'll talk to his campaign's vice chairwoman, next. this is msnbc. ♪ most paints have color that sits on the surface. but nothing beats benjamin moore's color lock technology that locks color right in, no matter how often you wash it....
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> mitt romney is trying to close the gender gap before the election, but meryl streep is trying to stop him. and mitt romney is now afraid of answering questions from kids. the kids on nickelodeon. something that john mccain and barack obama did. why is mitt so afraid of the kids? with the spark cash card from capital one, sven's home security gets the most rewards of any small business credit card! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve the most rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. starts with arthritis pain and a choice.
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> mitt romney is trying to close the gender gap before the election, but meryl streep is trying to stop him. and mitt romney is now afraid of answering questions from kids. the kids on nickelodeon. something that john mccain and barack obama did. why is mitt so afraid of the kids? with the spark cash card...
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job creation is also tied to spending and deficits. he gave us $16 trillion in debt. so while we do see an improvement in job creation, it's not what it should be. the red state governors are leading it. and if president obama were following their lead, the national mood and economy would be much, much better right now. >> do you think that conspiracy theories such as being said across the country right now, do you that damages mitt romney? it's getting a lot of play nationwide. it really is. you can't take that away. do you think that's damaging? >> people are entitled to their opinion. this is a free country. it's free speech. i personally accept the numbers as they are. we need to be talking about the issues. the facts, there are still over 20 million people out of work. gas has doubled under this president. >> okay. scott, let's move on to you. florida's unemployment rate stands at 8.8%, one point higher than the national average that came out yesterday. florida also tops the list of states. and some type of foreclosure process, 11%. has president obama done enoug
job creation is also tied to spending and deficits. he gave us $16 trillion in debt. so while we do see an improvement in job creation, it's not what it should be. the red state governors are leading it. and if president obama were following their lead, the national mood and economy would be much, much better right now. >> do you think that conspiracy theories such as being said across the country right now, do you that damages mitt romney? it's getting a lot of play nationwide. it really...
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there's no real difference, but maybe the republicans would be better for the deficit. maybe the republicans would spend less. check this out. this is what mitt romney is proposing for spending on the military. ta da! people say there's no real difference between the candidates? holy mackerel. when you're talking about the biggest pile of money in the whole world, the largest amount of discretionary money spent on anything by our government, boy howdy is there a difference here. but for a guy who wants to be thought of as cheap, as thrifty, for his campaign to be thought of as tough on spending, to be proposing that radical a spike in a pile of money that's already unimaginably enormous, to get us back to korean war levels of spending and then some, he must really have some big idea he's really committed to to justify that. to justify such a radical change in expense. he must, right? this must be something he he knows a lot about and cares a lot about. right? >> about our commitment to our military effort in terms of building a military that's prepared for the eventuali
there's no real difference, but maybe the republicans would be better for the deficit. maybe the republicans would spend less. check this out. this is what mitt romney is proposing for spending on the military. ta da! people say there's no real difference between the candidates? holy mackerel. when you're talking about the biggest pile of money in the whole world, the largest amount of discretionary money spent on anything by our government, boy howdy is there a difference here. but for a guy...
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this week, that deficit is $1.1 trillion and it happened on his watch. he has to answer for that. >> david, we have now had two debates with the vice president and president where mitt romney and his running mate have said that they will not put new revenue on the table. one thing that might have come out in the debate between romney and obama was that mitt romney stood by his raising of the hand where he said he wouldn't take 10 cuts for one new measure of revenue. paul ryan said the exact same thing. >> well, that is a fact. they are not willing to raise rev view as far as we know except for broadening the base, dealing with some elimination of deductions, but nobody wants to cross that rubicon of raising new revenue. >> but there's a difference between raising revenue and raising taxes, isn't there? john f. kennedy cut taxes and raised revenue because of a growing economy. the word that democrats don't seem to understand is growth. which is what the country is looking for, growth in jobs. two very different philosophies. it's like a house. and i think
this week, that deficit is $1.1 trillion and it happened on his watch. he has to answer for that. >> david, we have now had two debates with the vice president and president where mitt romney and his running mate have said that they will not put new revenue on the table. one thing that might have come out in the debate between romney and obama was that mitt romney stood by his raising of the hand where he said he wouldn't take 10 cuts for one new measure of revenue. paul ryan said the...
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in mitt's plan to cut funding to pbs, would be a drop in the bucket in terms of the deficit but would have a major impact on educational television in america. former reading rainbow host lavar burton will join me tonight. looking forward to that. share your thoughts with us on twitter and on facebook using the hash tag ed show. we're coming right back. interior design business. she's got a growing list of clients she keeps in touch with using e-mail marketing from constantcontact.com. constantcontact is easy and affordable. it lets her send out updates and photos that showcase her expertise and inspire her customers for only $15 a month. [ dog barking ] her dream -- to be the area's hottest interior design office. [ children laughing ] right now, she just dreams of an office. get a free trial at constantcontact.com. we might still be making mix tapes. find this. pause this. play this. eject this. write this. it's like the days before esurance express lane™. you had to find a bunch of documents just to get a car insurance quote. now express lane finds your driving info with just one
in mitt's plan to cut funding to pbs, would be a drop in the bucket in terms of the deficit but would have a major impact on educational television in america. former reading rainbow host lavar burton will join me tonight. looking forward to that. share your thoughts with us on twitter and on facebook using the hash tag ed show. we're coming right back. interior design business. she's got a growing list of clients she keeps in touch with using e-mail marketing from constantcontact.com....
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in mitt's plan to cut funding to pbs, would be a drop in the bucket in terms of the deficit but would have a major impact on educational television in america. former reading rainbow host lavar burton will join me tonight. looking forward to that. share your thoughts with us on twitter and on facebook using the hash tag ed show. we're coming right back. schoole world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. email marketing from constant contact reaches people in a place they're checking every day -- their inbox. and it gives you the tools to create custom emails that drive business. it's just one of the ways constant contact can help you grow your small business. sign up for your free trial today at constantcontact.com/try. >>> welcome back. thanks for watching tonight. good news for the country means republicans ar
in mitt's plan to cut funding to pbs, would be a drop in the bucket in terms of the deficit but would have a major impact on educational television in america. former reading rainbow host lavar burton will join me tonight. looking forward to that. share your thoughts with us on twitter and on facebook using the hash tag ed show. we're coming right back. schoole world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their...
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of the major stumbling blocks which i've pointed out people have bought on to the theory as part of deficit reduction we ought to lower the top rate on the highest income people. you lose a ton of revenue there and you can't make it up unless you squeeze the middle class. so if you're going to start out by saying the first thing we do is lower the rate from say 35 to 28 as simpson-bowles does or 25 as ryan does it's virtually impossible do deficit reduction without hurting the middle class. my suggestion intended to break this deadlock, this gridlock we've had on getting a budget deal for the last year and a half, let's get off this thing that the first thing we do is say we're going to lower the top rate. in the presidential campaign, the president's campaigning on letting the rate on the highest income people go back to where it was in the clinton years, that makes sense. now some republicans are saying yeah, we may have to do that. that's the way to get a deal done. instead of the kind of gridlock we've had so far. >> now, one of the other issues is the fiscal cliff and the gang of eight
of the major stumbling blocks which i've pointed out people have bought on to the theory as part of deficit reduction we ought to lower the top rate on the highest income people. you lose a ton of revenue there and you can't make it up unless you squeeze the middle class. so if you're going to start out by saying the first thing we do is lower the rate from say 35 to 28 as simpson-bowles does or 25 as ryan does it's virtually impossible do deficit reduction without hurting the middle class. my...
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everything from leprosy to the deficit? >> i think that's his you view. >> so that was a fair interaction. >> one of the problems we have is sort of the jumpiness. andrew sullivan finds a poll, freaks out, and you kind of got to tell him to fall back, and i saw at least on buzz feed they originally ran with the big headline that ryan stormed out of this interview and then people said, well, he ended it early. you get caught up on those kerfuffles. it's a clear illustration of his view. i don't think he was out of line in the way he answered the question. he pointed only to charities to solve these problems. there's reames of research that shows local charities do great work but they cannot conquer the kind of issue that is were on the table there. >> i don't know, to that point, the specific elements of the ryan budget as voted through the house for the fiscal period up to 2013 actually would eviscerate pell grants, kill support of -- whas it called safe start -- head start, and all these provithss for people in low income
everything from leprosy to the deficit? >> i think that's his you view. >> so that was a fair interaction. >> one of the problems we have is sort of the jumpiness. andrew sullivan finds a poll, freaks out, and you kind of got to tell him to fall back, and i saw at least on buzz feed they originally ran with the big headline that ryan stormed out of this interview and then people said, well, he ended it early. you get caught up on those kerfuffles. it's a clear illustration of...
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bush left office eight years later we had a $1 trillion deficit. republicans doubled the national debt from 5 trillion to 10, 11 trillion. barack obama has taken the 11 trillion to 16, 17 trillion. under his own proposals and his own projections, that national debt will go over 20 trillion by the time he leaves office. both parties have been reckless and irresponsible. >> so is there any way to reduce it here in the u.s. without extreme austerity measures? >> well, we're going to see what happens when we reach the fiscal cliff. i think there is a way. >> are we going over that cliff? >> i don't think so. >> do you think they're going to come together before january 2nd? >> only because you're going to have enough ceos and people who contribute to democrats and republicans alike that go, kids, kids, come here. come here. let's gather around. we're going to stop supporting you if you don't stop acting so reckless. they've got no choice. the markets are going to kill us. you know, right now we've got again 16, $17 trillion national debt. this past yea
bush left office eight years later we had a $1 trillion deficit. republicans doubled the national debt from 5 trillion to 10, 11 trillion. barack obama has taken the 11 trillion to 16, 17 trillion. under his own proposals and his own projections, that national debt will go over 20 trillion by the time he leaves office. both parties have been reckless and irresponsible. >> so is there any way to reduce it here in the u.s. without extreme austerity measures? >> well, we're going to...
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it's not the deficit, it's the economy, wall street, meltdown. he starts talking about we put iraq, afghanistan, wars that biden himself voted for, he went down the wrong route after introducing a good point there. >> paul ryan didn't push him on that, wasn't quick enough to recognize -- >> you voted to are that, sir. >> that would have been painful. the stimulus letter discussion was absolutely devastating. >> i love my friend here. i'm not allowed to show letters. go on our website. he sent me two letters saying, by the way, can you send me stimulus money for companies here in the state of wisconsin? we sent millions of dollars. >> you did ask for stimulus money? >> on two oaks we advocated for constituents who were applying for grants. that's what we do. we do that for all constituents. >> i love that. i love that. >> i love that, too. once again, obstructionist republicans opposing policies that they actually support and know will be valuable for americans. >> the romney team had a bit of an issue this week, romney had a multiple choice situa
it's not the deficit, it's the economy, wall street, meltdown. he starts talking about we put iraq, afghanistan, wars that biden himself voted for, he went down the wrong route after introducing a good point there. >> paul ryan didn't push him on that, wasn't quick enough to recognize -- >> you voted to are that, sir. >> that would have been painful. the stimulus letter discussion was absolutely devastating. >> i love my friend here. i'm not allowed to show letters. go...
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we ended up moving from surplus to deficits. and it all culminated in the worst financial crisis since the great depression. >> i suppose mr. romney thought the president wouldn't recognize the term trickle-down if he twisted it around. romney is proposing boilerplate trickle-down economics providing tax relief for businesses with the false hope that they won pocket that money but rather put it into new jobs. help the rich get richer and then they'll help everyone else. but hey, mr. romney's plan as stated in the debate may in fact sound right to you. but don't call it new. it's a been there, done that track record. lower taxes on the rich, simply don't lead to job growth. when you compare the top marginal income tax rate, the tax rate that top earners get taxed over the highest threshold with employment, growth happens when taxes are higher, not lower. let me show you a chart that the president could have used this week to simplify the whole debate. this is what the election boils down to right here. larry bartels' chart makes
we ended up moving from surplus to deficits. and it all culminated in the worst financial crisis since the great depression. >> i suppose mr. romney thought the president wouldn't recognize the term trickle-down if he twisted it around. romney is proposing boilerplate trickle-down economics providing tax relief for businesses with the false hope that they won pocket that money but rather put it into new jobs. help the rich get richer and then they'll help everyone else. but hey, mr....
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i'm going to get rid of the deficit, give you tax breaks, without talking about anything specific except, of course, big bird. >> yeah. and what -- it's important to note, you are a master of parody and comedy, the form as it were. sesame workshop has responded to big bird ad. >> official response. >> this qualifies as breaking news. >> i always knew snuff love gus was a republican but -- >> how dare you claim not to be liberals with all your brainwashing. i know how to count because of sesame street because they brainwash. >> let's not denigrate the importance of sesame street to early childhood education and the role it plans. to john's point, this is kind of -- we have serious issues at hand. >> exactly. >> and the chock is ticking. >> feel like i want to bring in mr. rogers and talk about my feel approximationp we should be talking about education and infrastructure, it is a tiny number but representative of something larger. >> two things to say about this ad, only one good thing, it's not running in any battleground states, only cable bait, and the bad thing to say about it is, it
i'm going to get rid of the deficit, give you tax breaks, without talking about anything specific except, of course, big bird. >> yeah. and what -- it's important to note, you are a master of parody and comedy, the form as it were. sesame workshop has responded to big bird ad. >> official response. >> this qualifies as breaking news. >> i always knew snuff love gus was a republican but -- >> how dare you claim not to be liberals with all your brainwashing. i know...
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we're hearing about the book "the young guns" written by ryan and his colleagues outlining his deficit and debt policies. biden has been on the trail talking about it this book and these policies. these are attacks he's been honing over the last couple weeks and months. really what you see is biden addressing things like social security and medicare. these are arguments he's making on the stump now, but his staff and van holland right now are preparing him to respond to have a back and forth with ryan on those issues. >> carrie, thank you very much for the report there. the battle for the buckeye state. president obama is headed to ohio from san fran. he will speak at a rally later this afternoon at ohio state university. after a rally in iowa in just the past hour, mitt romney headed to ohio as well and will spend four of the next five days there. he's trying to capitalize on the new dynamic of the presidential race following last weengk's debalt. it was like yesterday we were talking about whether governor romney was going to pull up his stakes in ohio and try to focus on a different
we're hearing about the book "the young guns" written by ryan and his colleagues outlining his deficit and debt policies. biden has been on the trail talking about it this book and these policies. these are attacks he's been honing over the last couple weeks and months. really what you see is biden addressing things like social security and medicare. these are arguments he's making on the stump now, but his staff and van holland right now are preparing him to respond to have a back...
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now, what's interesting about the budget deficit is where it actually comes from. i think a lot of people presume that the stimulus is responsible for most of that. and in fact, it's not true. if you look at our deficit and our debt, the debt number between 2001 and 2010 has gone way, way up. 17% of that is the bush tax cuts. about 12%, 13% of that are the wars in iraq and afghanistan. the stimulus is responsible for 7%. >> okay. so over the past four years, though, we've had trillion-dollar deficits. >> yep. >> all four years. what's the cause of that? >> well, the cause of that is clearly stimulus spending but also a lack of revenue. the revenue numbers that we had projected were much, much greater. you know, unemployment is responsible for that. lower taxes are responsible for that. and the obama administration has lowered taxes consistently. it's brought in less revenue. >> let's look at the question about the dow jones average. it's fascinating. this president has been seen as being hostile to wall street. wall street believes that wall street has been treated
now, what's interesting about the budget deficit is where it actually comes from. i think a lot of people presume that the stimulus is responsible for most of that. and in fact, it's not true. if you look at our deficit and our debt, the debt number between 2001 and 2010 has gone way, way up. 17% of that is the bush tax cuts. about 12%, 13% of that are the wars in iraq and afghanistan. the stimulus is responsible for 7%. >> okay. so over the past four years, though, we've had...
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about abortion, reproductive rights, they care about issues around the economy, around jobs, around deficit, around education. that's how they are making their case to women. >> well, it's interesting, governor romney was asked again in ohio yesterday to clarify his stance. let me play his latest response. >> i think i've said time and again, i'm a pro life candidate and i'll be a pro life candidate. the actions i'll take immediately will be to remove funding for planned parenthood. >> so, mark, that comment comes after several articles pointed out that conservative women organization, particularly susan b. anthony, have basically put out a letter calling out governor romney on his pledge to fight for legislation that is favorable to where they stand on the battle for abortion. >> tamron, we did see from governor romney a market shift in tone in his comments to the des moines register. >> is it being too kind to say a shift in tone? >> that is the way you look at it. he was talking about legislation before him. clearly that is something he wouldn't have said during the republican primary se
about abortion, reproductive rights, they care about issues around the economy, around jobs, around deficit, around education. that's how they are making their case to women. >> well, it's interesting, governor romney was asked again in ohio yesterday to clarify his stance. let me play his latest response. >> i think i've said time and again, i'm a pro life candidate and i'll be a pro life candidate. the actions i'll take immediately will be to remove funding for planned parenthood....
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>> here's paul ryan criticizing the stimulus package, how terrible it was, deepening the deficit. then he makes personal requests for his own congressional district. that's a matter of record. i don't think paul ryan looked very good at the end of the day. he believed that stimulus plan was going to create jobs. that's exactly what it did. >> senator, this is ed. i don't know if pressure is the right word or not, but joe biden went in to this debate tonight. he had to accomplish something that maybe wasn't done in last week's debate. you being a veteran of the senate, i know you've known joe for a long time. was there any doubt in your mind that he was going to come out and clear the plate tonight for the middle class? >> no, there wasn't. i didn't want to trump it ahead of time and say it's going to be a great debate for joe biden. you play down a little bit or don't get carried away. i knew when he gave him this assignment and said, joe, you're going to carry this flag into battle, he couldn't wait to get prepared for it. he did great. what's interesting, the republicans around
>> here's paul ryan criticizing the stimulus package, how terrible it was, deepening the deficit. then he makes personal requests for his own congressional district. that's a matter of record. i don't think paul ryan looked very good at the end of the day. he believed that stimulus plan was going to create jobs. that's exactly what it did. >> senator, this is ed. i don't know if pressure is the right word or not, but joe biden went in to this debate tonight. he had to accomplish...
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but paul ryan is just a terrible deficit for the ticket. the other thing is it is a base election. when we get to this point when we're looking at likely voters, ours are less likely to turn out. they are the young, they are the disadvantaged, they are the new citizens who haven't made a habit of voting. if we see an electorate like in 2008, barack obama wins. if we saw the one from 2010, he loses. so we talk about the independent swing voters all the time but think this is coming back down to the base for both sides. >> i think the obama team has been brilliant on the basics throughout all of this. but one of the basics they can't get away from is the 47% video. i think that is who mitt romney is. and i don't think they can allow him to escape these comments. he said these comments behind closed doors to people he needed their support and money and it's just a condemnation of who he is. then of course, he supports the ryan plan. great to have both of you with us tonight. two of the best, no question about it. thanks for being on "the ed show." remember to answer tonight's question
but paul ryan is just a terrible deficit for the ticket. the other thing is it is a base election. when we get to this point when we're looking at likely voters, ours are less likely to turn out. they are the young, they are the disadvantaged, they are the new citizens who haven't made a habit of voting. if we see an electorate like in 2008, barack obama wins. if we saw the one from 2010, he loses. so we talk about the independent swing voters all the time but think this is coming back down to...
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he has this reputation for being a deficit hawk. as joe biden said he voted for the wars, for the new medicare -- >> the prescription drug benefit. >> he voted -- >> the bush tax cuts. >> the bush tax cuts, all of the bush budgets. he voted for a bush stimulus. in addition to voting against obama stimulus but asking for money, he voted for bush stimulus and he described it in his speeches. he was a kecanesian. he's never been forced to be consistent and yet he's hailed as this great economist, this great numbers thinker. >> michael, ryan still had no answer, as joan said shall as to how he'd pay for a 20% across the board tax cut. martha raddatz asked at least twice. mike, have you ever heard a politician make such a promise to the electorate yet not even try, not even attempt to provide one detail when asked? >> well, here is what the campaign will say and here is what ryan wasn't saying explicitly on that stage because it's a hard thing to argue. it's that they believe that if you give this sort of tax cut, there will be economic
he has this reputation for being a deficit hawk. as joe biden said he voted for the wars, for the new medicare -- >> the prescription drug benefit. >> he voted -- >> the bush tax cuts. >> the bush tax cuts, all of the bush budgets. he voted for a bush stimulus. in addition to voting against obama stimulus but asking for money, he voted for bush stimulus and he described it in his speeches. he was a kecanesian. he's never been forced to be consistent and yet he's hailed...
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trillion, you're not going to tell us one loophole you'd close, you're not going to run up the deficit or taxes on the middle class. >> very quickly -- >> no, no. it goes back to bill clinton. >> there was a story out yesterday that that claim is fiction because you don't count the loophole closing. >> what loophole? >> he talked about mortgage interest. really quickly -- >> mortgage interest? >> he has never talked about mortgage interest. >> the hilarity that there is one -- >> we have one loophole. >> mike, finish, but then i want to get on to something else. >> the president says he wants to lower tax cuts to big corporations. how to pay for it? loopholes. what loopholes? nothing. we'll tell you after the election. you're attacking romney for the same thing. >> i want to talk about the gas prices. one thing that was striking, speaker gingrich, is what some were arguing about the actual numbers. jack welch made a lot of headlines with a tweet that said, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers without any substantiation.
trillion, you're not going to tell us one loophole you'd close, you're not going to run up the deficit or taxes on the middle class. >> very quickly -- >> no, no. it goes back to bill clinton. >> there was a story out yesterday that that claim is fiction because you don't count the loophole closing. >> what loophole? >> he talked about mortgage interest. really quickly -- >> mortgage interest? >> he has never talked about mortgage interest. >> the...
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i asked more questions like why was it with a trillion dollar deficit, he found it in his -- in his heart to put $90 billion into green energy companies that in many cases were contributors to his campaign. at least the owners of those businesses were. and why was it with what he had promised during his campaign, that health insurance premiums he would bring down by $2,500 a year, instead they went up by $2,500 a year. you know, i know we've heard his answers over the campaign. had he says look you can't fix washington from the inside, only do it from the outside. we're going to give him that chance, all right. >> that was mitt romney at a rally in richmond, virginia, karen finney some sharp words. >> not unexpected. >> not unexpected at all. >> i'll start first with benghazi, which we didn't talk about earlier and which we will talk about now. mitt romney clearly sees an opening here, foreign policy wise to hit the president. said that president is doubling down on denial in his remarks just a moment ago. let's talk about how the vice president handled that last night. let's play actuall
i asked more questions like why was it with a trillion dollar deficit, he found it in his -- in his heart to put $90 billion into green energy companies that in many cases were contributors to his campaign. at least the owners of those businesses were. and why was it with what he had promised during his campaign, that health insurance premiums he would bring down by $2,500 a year, instead they went up by $2,500 a year. you know, i know we've heard his answers over the campaign. had he says look...
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you have a theory that you try and fix things in the economy, get a more efficient tax code, get the deficit down over time. that that will help you. when you give them truth serum, you're talk and you off the record, the disruption might be tough for the first few months. but they would argue that the longer term, since we're on the right track would be worth it. that's not an argument you see in the debates. it's not the way the argument gets framed. but that's the core ideological dispute in the election. >> on the other side that's been surprising is president obama, they don't talk about their big idea on the jobs. they don't talk about the jobs act. they didn't bring it up in the debates. why do you think that is? because that is a big responsive, a big idea on jobs here. >> there's a great new book called the "new new deal" about the stimulus that came out in 2009 and was almost $8 hundred billion saying it was a great success. it did a lot of things to help this recession from being worse. it's something that the president's political advisers, they do the polling. it does not resona
you have a theory that you try and fix things in the economy, get a more efficient tax code, get the deficit down over time. that that will help you. when you give them truth serum, you're talk and you off the record, the disruption might be tough for the first few months. but they would argue that the longer term, since we're on the right track would be worth it. that's not an argument you see in the debates. it's not the way the argument gets framed. but that's the core ideological dispute in...
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you either explode the deficit. raise the middle class tax cuts, something has to give. >> something has to give and we just heard mike say that maybe the thing that gives is mortgage interest deductions. the single most important thing to middle class american families. and that's going to be and we'll get to this later. that's going to be a challenge for paul ryan. i think that what we have experiencing right now and we just said it, is that this sort of style over substance is, is, i don't think going to overtake this race. i think you have a president who was trying to move the facts out. was facing a guy who, who he hadn't seen before. either mitt romney is completely faking everything he said, or he is, is a liar. so -- either way. >> when you see the style over substance, it shouldn't matter. the truth is optics are important. >> look, style -- >> ask richard nixon, the president in 1960. >> i do think in fairness, it is fair for the american people, to want to see their president fight for them. and the bara
you either explode the deficit. raise the middle class tax cuts, something has to give. >> something has to give and we just heard mike say that maybe the thing that gives is mortgage interest deductions. the single most important thing to middle class american families. and that's going to be and we'll get to this later. that's going to be a challenge for paul ryan. i think that what we have experiencing right now and we just said it, is that this sort of style over substance is, is, i...
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to say where the spending would be cut, to say where they're going to be doing things to reduce the deficit, and that's going to fall on middle-class families so it's a question of philosophy here, whether you think there is enough and other things he says he'll do to cut spending in the budget to make up the money that would be lost in revenue from that 20% across the board tax cut or whether you believe that the plan that president obama is saying to say that there should be cut for middle-class taxes, extension for bush tax cuts for those making under $250,000 and not for others and that that money should be used to make up the revenue there. >> lori, there was also a dispute add to whether ryan would have voted for plan that would have raised out-of-pocket cost. take a listen. >> who do you trust on this? a man who introduce add bill that would raise it $6,400 a year. knowing it, passing it, and romney saying -- >> that stay tiks tick was completely misleading. >> those are the fact, right? >> this is what politicians do when they don't have a record to run on. >> so prp says ryan's pla
to say where the spending would be cut, to say where they're going to be doing things to reduce the deficit, and that's going to fall on middle-class families so it's a question of philosophy here, whether you think there is enough and other things he says he'll do to cut spending in the budget to make up the money that would be lost in revenue from that 20% across the board tax cut or whether you believe that the plan that president obama is saying to say that there should be cut for...
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no team has ever come back from an 0-2 deficit by winning three game on the road. the giants have a chance to do it tonight. the reds still have not won a play-off game, a home play-off game in 17 years. nats hosting the cardinals in game three. second inning, cardinals up one. edwin jackson for a three run home run. cardinals win 8-0. st. louis leads that series 2-1. they can put the nats away today. all eight teams on the field. giants and reds play game five at 1:00 eastern time today. followed by the nats and cards at 4:00. yankees and close it out against the os and tigers and as all or nothing for those two teams in oakland tonight. >>> well in cycling, the legacy of lance armstrong took another substantial hit yesterday. the u.s. anti-doping agency released 1,000 pages of what it called overwhelming evidence against armstrong and his former cycling team regarding doping charges. 11 of armstrong's former teammates testified against him claiming armstrong not only participated himself in doping but demanded his teammates follow his lead or leave the team. ceo
no team has ever come back from an 0-2 deficit by winning three game on the road. the giants have a chance to do it tonight. the reds still have not won a play-off game, a home play-off game in 17 years. nats hosting the cardinals in game three. second inning, cardinals up one. edwin jackson for a three run home run. cardinals win 8-0. st. louis leads that series 2-1. they can put the nats away today. all eight teams on the field. giants and reds play game five at 1:00 eastern time today....
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. >> my suspicion is this is true on the deficit. people toll pollsters are worried about the deficit. it's a stand in for, you know, a bad economy or moral degrade asian or whatever it is. i refuse to think many people are showing up on tuesday. >> a lot of times pollsters ask, do you feel strongly about that or not strongly? the problem is they don't know what to do with it. what they do is combine the not strong and the strong and treat them as though they are equal degrees. now, it is a very difficult, i think philosophical opinion or approach or problem to try to differentiate an opinion that matters versus top of the mind. one of the ways we did it, we said, if you supported the bailout, we say how upset would you be if we hadn't supported it, not very upset. >> that's a good question. >> it's a way to find out your opinion is not one you want to represent because you didn't care. >> we should say there's one place or places in which longitudinal studies are measured. gay marriage, for instance. we have a long data set on peopl
. >> my suspicion is this is true on the deficit. people toll pollsters are worried about the deficit. it's a stand in for, you know, a bad economy or moral degrade asian or whatever it is. i refuse to think many people are showing up on tuesday. >> a lot of times pollsters ask, do you feel strongly about that or not strongly? the problem is they don't know what to do with it. what they do is combine the not strong and the strong and treat them as though they are equal degrees. now,...
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an 18 point halftime deficit and stunned the packers. chuck pagano is being treated for leukemia. >> you're doing great. >> eagles and steelers in pittsburgh. michael vick coughed up a fumble on the one yard line. steelers recover. philadelphia would have the lead late in the fourth. pittsburgh kicks the go ahead field goal to win it 16-14. scary play for redskins fans. robert griffin iii trying to make something happen. he scrambles up the sideline. gets hit. griffin is slow to get up. he's taken out of the game and would not return. official diagnosis is a concussion. no word yet on if he'll play next week. the game with 2:50 left to play. michael turner gets the handoff and runs it 13 yards for the score. that would be the final. falcons win 24-17. they improve to 5-0. >>> and a showdown between two of the best quarterbacks of this generation. tom brady, mr. pretty, and peyton manning facing off in foxborough. manning looks sharp rmt here he hits his tight end from one yard. peyton has three tds and no interceptions. the patriots' run
an 18 point halftime deficit and stunned the packers. chuck pagano is being treated for leukemia. >> you're doing great. >> eagles and steelers in pittsburgh. michael vick coughed up a fumble on the one yard line. steelers recover. philadelphia would have the lead late in the fourth. pittsburgh kicks the go ahead field goal to win it 16-14. scary play for redskins fans. robert griffin iii trying to make something happen. he scrambles up the sideline. gets hit. griffin is slow to get...
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why it was with a deficit of a trillion dollar, record-breaking dell sit, that he spent $90 billion sending money to green energy companies, some of whom had contributors that had given to his campaign. i got to ask him why it was that he had promised health insurance premiums would go down by $2,000 per family and yet they've gone up by $2,000 per family and the only ansz he had a few weeks ago was this. jose, you know you kent change washington from the inside. we're going to change it from the outsiechld we're going to give him that chance on november 6th. [ cheers and applause ] >> and i've got more questions now, of course. we may get a chance to ask these as well. why it is with 47 million people on food stamps -- you think about that. when he took office, there were 32 million people on food stamps. he's now add 15 million more, all right? more than the population of ohio. the income of the median family in america has gone down by $4,300 per family. in times like this, what is he talking about? saving big bird. when i'm president i'm going to help save the american family and get go
why it was with a deficit of a trillion dollar, record-breaking dell sit, that he spent $90 billion sending money to green energy companies, some of whom had contributors that had given to his campaign. i got to ask him why it was that he had promised health insurance premiums would go down by $2,000 per family and yet they've gone up by $2,000 per family and the only ansz he had a few weeks ago was this. jose, you know you kent change washington from the inside. we're going to change it from...
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he was able to get a $3 billion deficit, convert it into a $2 billion surplus. all of that with working with democrats. so i think you look at scrutinize his successful record as governor and compare it to president obama's failed policies. where his, the economy is still stagnant. where we're not seeing enough jobs being created. and really, i would go with governor romney. >> let's move on here to the message on the stump. we don't have a lot of time today. governor romney made no mention of his much-touted 20% tax cut at his campaign rally in yoi head. t let's talk about it on the other side. >> you paid 14% in federal taxes. that's the capital gains rate. is that fair to the guy who makes $50,000 and paid a higher rate than you did? you think it is fair? >> yeah i think it's the right way to encourage economic growth. >> it's a simple ad, is the ad encouraging the campaign to take the issue off the table. >> a simple ad that they seem to have cut out certain parts of the interview. as you know the ad is misleading. what we do know is that governor romney's e
he was able to get a $3 billion deficit, convert it into a $2 billion surplus. all of that with working with democrats. so i think you look at scrutinize his successful record as governor and compare it to president obama's failed policies. where his, the economy is still stagnant. where we're not seeing enough jobs being created. and really, i would go with governor romney. >> let's move on here to the message on the stump. we don't have a lot of time today. governor romney made no...
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? [ female announcer ] you can always measure the growth of your children by the way they clean themselves in the bathroom. try charmin ultra strong. with a new duraclean texture, charmin ultra strong helps you get clean. plus it's four times stronger than the leading value brand. and you can use up to four times less. good news for even the biggest kids in the family. we all go. why not enjoy the go with charmin ultra strong? [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. whatever your business challenge, at the guaranteed's lowest price.attresses plus, pay no interest for 3 years on the best brand-name mattress sets. get your best rest ever from sleep train. ♪ your ticket to a better
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? [ female announcer ] you can always measure the growth of your children by the way they clean themselves in the bathroom. try charmin ultra strong. with a new duraclean texture, charmin ultra strong helps you get clean. plus it's four times stronger than the leading value brand. and you can use up to four times less....